Menu

Topics

Connect

Comments

Want to discuss? Please read our Commenting Policy first.

Saskatchewan Crown corporations report higher earnings

A broader customer base is being cited as a key contributor to substantially higher earnings at Saskatchewan's Crown corporations last year. Graphic / Global News

A broader customer base is being cited as a key contributor to substantially higher earnings at Saskatchewan’s Crown corporations last year.

Story continues below advertisement

The annual report from the Crown Investments Corporation shows consolidated net earnings of 342-million dollars for a 15-month period ending March 31st — up from 179-million dollars the year before.

As a result, C-I-C was able to make a 297-million-dollar dividend payment to the province’s General Revenue Fund.

Minister responsible Don McMorris says in a statement that the Crown corporations were able to manage factors such as the weather, commodity prices and infrastructure renewal to bring about a positive earnings picture.

Advertisement

You are viewing an Accelerated Mobile Webpage.

View Original Article